Charity Bank increases focus on green loans

Charity Bank is to give a greater emphasis to offering loans to charities and social enterprises that respond to climate change.

Its revised strategy sees it boost its focus on fostering “vibrant communities and a healthy planet”.

This includes to launch of two green loans to charities looking to make premises more energy efficient.

Its newly created energy improvements loan is for charities to make green improvements to their buildings without paying a loan arrangement fee.

Meanwhile, its sustainable buildings loan offers borrowers cashback of up to £2,000 when they buy or build an energy efficient building.

“During 2021, we undertook a review of Charity Bank’s vision, mission and values statements in consultation with a range of stakeholders, including shareholders, board directors, our co-workers and our customers,” said the bank’s chief executive Ed Siegel/

“These refreshed declarations serve to sharpen our focus on positive social change as Charity Bank’s primary motivation.

“The addition of ‘healthy planet’ to our vision statement is worthy of note. Climate change is possibly the greatest social challenge facing our society today; therefore, a healthy planet merits explicit mention as one of our core aspirations.”

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